Update 8/10/23: Bonus now $300.
Update 5/15/21: Bonus has now been increased to $200 (up from $100).
Offer at a glance
Maximum bonus amount: $300
Availability: Must live, work or attend school in Hampden, Hampshire, Franklin and Berkshire Counties in the state of Massachusetts and Hartford, Litchfield and Tolland Counties in the state of Connecticut.
Direct deposit required: Yes, no minimum
Additional requirements: Open money market or statement savings account
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $5, avoidable
Early account termination fee: 12 months, bonus forfeit
Household limit: None listed
Expiration date: May 31, 2021
The Offer
Polish National Credit Union is offering a $200 checking bonus when you open a new perks checking account and complete the following requirements:
Use promo code HEROES300
Earn $100 at account opening when you sign up for Online Banking and a Debit MasterCard
Earn $200 for receiving a direct deposit
The Fine Print
*Individuals are eligible for up to a $200 bonus under the following conditions: a.) individuals must open a PNCU Perks Checking Account in which PNCU will credit $50 at time of opening; b.) an additional $50 will be credited at time of opening when you sign up for Online Banking and a Debit MasterCard®; c.) an additional $100 will be deposited to the Perks Checking Account once a Direct Deposit to or ACH withdrawal from the Perks Checking Account is receieved.
If Direct Deposit or ACH withdrawal requirement is met, credit will be issued on August 2, 2021.
Offer will expire May 31, 2021. Must present this postcard when opening an account in person or use code HINEIGHBOR200 to receive credit when opening an account online.
To open an account or apply for a loan with PNCU, you must become a member. Membership is attained by opening a deposit account and is open to: Individuals of all nationalities, who live, work or attend school in Hampden, Hampshire, Franklin and Berkshire Counties in the state of Massachusetts and Hartford, Litchfield and Tolland Counties in the state of Connecticut.
To qualify for a PNCU Perks Checking account, at least one Direct Deposit to or automatic ACH transaction from a PNCU Perks Checking account is required per statement cycle.
If the PNCU Perks Checking account does not meet the monthly qualifications within three (3) consecutive statement cycles the account will be converted to a Cost Less NOW account.
Avoiding Fees
Perks Checking
Looks like this account comes with a $5 fee if you receive paper statements, otherwise it’s free.
Early Account Termination Fee
Bonus is forfeit if account is closed within 12 months of account opening
Our Verdict
This is a relatively small bonus that requires a direct deposit and must be kept open for 12 months. I guess the upside is that there is no monthly fee to worry about, but for most people I wouldn’t think this is worth the time involved. That being said if anybody signs up please share your experiences and data points in the comments below. Click here to view better checking account promotions.
Big thanks to reader, Mark who let us know. Learn how to find bonuses and contribute to the site here.
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